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Sequans Communications S.A ADR (NYSE: SQNS) closed the day trading at $1.00 up 4.01% from the previous closing price of $0.96. In other words, the price has increased by $4.01 from its previous closing price. On the day, 0.74 million shares were traded. SQNS stock price reached its highest trading level at $1.03 during the session, while it also had its lowest trading level at $0.94.
Ratios:
For a better understanding of SQNS, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.26 and its Current Ratio is at 0.29.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, B. Riley Securities on August 08, 2023, Downgraded its rating to Neutral and sets its target price to $3.03 from $6.50 previously.
On June 24, 2021, Needham reiterated its Buy rating and also upped its target price recommendation from $11 to $9.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SQNS now has a Market Capitalization of 62173600 and an Enterprise Value of 318954432. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.20. Its current Enterprise Value per Revenue stands at 11.286 whereas that against EBITDA is -11.89.
Stock Price History:
Over the past 52 weeks, SQNS has reached a high of $2.97, while it has fallen to a 52-week low of $0.34. The 50-Day Moving Average of the stock is 73.14%, while the 200-Day Moving Average is calculated to be -26.21%.
Shares Statistics:
Over the past 3-months, SQNS traded about 1.57M shares per day on average, while over the past 10 days, SQNS traded about 9548580 shares per day. A total of 61.57M shares are outstanding, with a floating share count of 58.86M. Insiders hold about 5.33% of the company’s shares, while institutions hold 50.79% stake in the company. Shares short for SQNS as of 1723680000 were 675474 with a Short Ratio of 0.43, compared to 1721001600 on 606755. Therefore, it implies a Short% of Shares Outstanding of 675474 and a Short% of Float of 1.68.
